The French association “Entreprises pour l’Environnement” is pleased to welcome as a new member Plastic Omnium, a major player in sustainable car mobility.
Plastic Omnium joins ‘Entreprises pour l’Environnement’ association (FR only)
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Launch of EKPO Fuel Cell Technologies
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– New company, jointly owned by Elringklinger and Plastic Omnium, ready to supply fuel cell stacks and components for broad range of applications
– Initial annual production capacity of up to 10,000 stacks already available – In parallel, Plastic Omnium acquires ElringKlinger’s subsidiary for integrated hydrogen systems to complement its global hydrogen strategy EKPO Fuel Cell Technologies, is now ready to start operations, having implemented all contractual arrangements and been granted the necessary antitrust approvals. The newly created company offers state of the art and cost competitive fuel cell stacks and components for a broad range of applications, with an initial focus on commercial vehicles and buses and then on passenger cars. Specialist vehicles, trains, and ships are also fields of development. Press release: |
Share capital reduction of 0.97% through the cancellation of treasury stock
The Board of Directors of Compagnie Plastic Omnium, in a meeting held on February 17th, 2021, decided to proceed to the cancellation of 1,443,954 treasury shares, representing 0.97% of the share capital of the company.
This operation will be completed on February 25th, 2021.
As a result of this operation, the share capital of Compagnie Plastic Omnium SE will be reduced from 148,566,107 ordinary shares to 147,122,153 ordinary shares with a par value of €0.06, ie. an amount of €8,827,329.18.
The holding company Burelle SA will increase its control from 58.78% to 59.35%.
2020 Annual results
Profitability and free cash-flow back to 2019 levels as of 2021. Significant growth potential from electrification.
Second-half 2020 results well above guidance In the second half of 2020, EBITDA totaled €477 million (11.6% of revenue) and net income amounted to €152 million (3.7% of revenue). Resilient performance in full-year 2020 2020: Group transformation stepped up Increased commitment to sustainable mobility “2020 was a year of great upheaval, which led to faster progress in the Group’s transformation. |
David Meneses appointed Executive Vice President Sustainability and Member of the Executive Committee
David Meneses joins Plastic Omnium Executive Committee in the newly created position of Executive Vice President Sustainability.
In the context of today’s climate and environmental challenges, this appointment bears witness to Plastic Omnium’s determination to play a key role in the energy transition of the automotive industry by stepping up its sustainable development strategy.
In this framework, David Meneses will primarily be responsible for establishing the Group’s carbon neutrality policy and incorporating circular economy considerations into the solutions offered to OEMs.
From 2017, David Meneses was Group Vice President Sustainability at Air Liquide, where he helped structure CSR initiatives with a focus on developing the group’s first climate goals.
Throughout his career at Air Liquide began in 1996, he held positions of growing responsibility in R&D, business development, sales and marketing, operational management and strategic planning in France and Japan.
He was then appointed CEO of the industrial gas business in the USA after overseeing Air Liquide’s operations in Central America.
Aged 47, David Meneses graduated from ESPCI Paris engineering school (Ecole Supérieure de Physique et Chimie Industrielles) and holds a Master’s degree in Process Engineering from Paris University.
Plastic Omnium aims for world leadership in hydrogen mobility
During today’s online conference at 2:00 PM CET, Plastic Omnium will present its strategic vision for hydrogen mobility:
– an industrialized and competitive offer across the entire value chain: hydrogen vessels, fuel cell stack and integrated hydrogen system
– a rapidly expanding market from 2025 climbing to at least 2 million vehicles by 2030
– €3 billion in revenue for Plastic Omnium in 2030 following an annual investment of €100 million over the coming years.
| Given the faster-than-expected recovery in global automobile production and the effectiveness of Plastic Omnium’s cost-cutting measures, the Group will also comment the upgrading of its second-half 2020 targets and on the outlook for its return, as of 2021, to levels of profitability and free cash-flow comparable to those of 2019.
Laurent Favre, CEO, says: “Despite the uncertainties surrounding short-term prospects for the automotive market, we are firmly confident and are looking toward the future and the transformation of our businesses in favor of clean and connected mobility. As a responsible and innovative industrial company, we are playing our part in the energy transition and already offer advanced technology and production capacity in every segment of the hydrogen value chain. Longer term, we see a very bright future for our hydrogen business and the human and technological resources we are deploying reflect that.” Press release: |
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Plastic Omnium and ElringKlinger partner in fuel cell technology to accelerate the development of hydrogen mobility
– Creation of EKPO Fuel Cell Technologies, a leading joint venture for development and mass production of fuel cell stacks for CO2- neutral mobility
– ElringKlinger will contribute its fuel cell business and know how and Plastic Omnium will bring additional development capacity to accelerate growth
– ElringKlinger will hold 60%, Plastic Omnium 40% of the new company
– Plastic Omnium acquires ElringKlinger’s Austrian subsidiary, specialized in integrated hydrogen systems, to complement its global hydrogen strategy
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Hydrogen will play a major role in tomorrow’s sustainable mobility. Convinced of the promising future of this zero emission technology, Plastic Omnium and ElringKlinger, two automotive supplier leaders in their respective business areas, today agreed to take hydrogen based fuel cell technology to the next level. To fulfil this objective, they will create EKPO Fuel Cell Technologies, a joint venture dedicated to fuel cell stack development, production and commercialization. EKPO Fuel Cell Technologies will offer its product portfolio to a broad range of customers including hydrogen systems integrators. EKPO Fuel Cell Technologies will be owned 60% by ElringKlinger and 40% by Plastic Omnium. ElringKlinger will bring all of its assets related to fuel cells stacks, developed over more than 20 years. Assets include more than 150 employees, more than 150 patents, R&D and know how , its fuel cell components business, and several high power density fuel cell stack platforms already marketed and manufactured at a facility located in Dettingen/Erms (Baden-Wu?rttemberg), where the joint venture will also be headquartered. The annual production capacity of initially up to 10,0 00 units in the joint venture will be progressively extended according to the order book. Plastic Omnium will invest €100 million in the new company to support the acceleration of innovation, strongly develop the commercial pipeline and increase production capacities. The world leader in energy storage and emission reduction solutions will also contribute to the development of the JV through its global customer portfolio, its worldwide presence and its technological expertise in hydrogen storage and systems. The CEOs of the two companies, Laurent Favre and Dr. Stefan Wolf, stated: “Plastic Omnium and ElringKlinger have been strongly investing over the years to develop their respective expertise in hydrogen technology. Both stock listed with a family as anchor shareholder and sharing the same values, we are jointly building a leader in the development, design, production and marketing of fuel cell stacks and components for passenger cars, commercial vehicles, buses, trucks and other mobility applications. We aim to unlock the mass market potential for hydrogen and contribute to CO2- neutral mobility.” Press release: |
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EKPO Fuel Cell StacksSignificant recovery in Q3 2020
In Q3 2020:
– Revenue: €2,097 million (down 3.1%*)
– Faster-than-expected recovery in worldwide automotive production, which was down 4.3% (versus a decline of 33% in the first half-year), magnifying the positive effects of the cost-saving and cash generation plans
– Confirmation of operational improvement at the Greer plant in line with targets
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For the first nine months of 2020: More ambitious goals: ”Plastic Omnium’s team have accomplished outstanding work to enhance the flexibility of our industrial facilities and adapt our operations to volatile automotive production, which will slowly recover over the years to come. The program to cut costs and increase cash generation is starting to produce results. Together with its Omega transformation plan to improve operational efficiency, the Group can plan on rapidly returning to its profitability benchmarks. *Like-for-like change in economic revenue |
Plastic Omnium, partner of Startup Autobahn, strengthens its Open Innovation network
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Plastic Omnium joins the international “Startup Autobahn” platform. Founded by the University of Stuttgart and ARENA2036*, this platform supports mobility sector start-ups and enables them to forge relationships with manufacturers such as Daimler, Porsche, BASF, ZF, BOSCH… With around 30 leading manufacturers and universities, the Open Innovation approach of its members aims to foster a culture of exchange, disruptive thinking, technological research and contacts to accelerate creativity and innovation. This partnership enhances Plastic Omnium’s Open Innovation approach, including start-ups, Venture Capital and partnerships with leading universities, with the aim of accelerating the Group’s disruptive innovations for the clean and connected mobility of tomorrow. * ARENA2036 (Stuttgart, Germany) is a flexible research factory promoting the hardware-based knowledge production needed to design the vehicles of the future. By bringing together partners from both science and industry, the project is developing a range of disruptive technologies. To learn more about https://startup-autobahn.com |
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Plastic Omnium becomes partner of MissionH24…
… and exclusive supplier of the hydrogen storage system for cars competing in the 24 Hours of Le Mans from 2024.
With the 2020 24 Hours of Le Mans fast approaching, Plastic Omnium has become the partner of MissionH24, the project developed jointly between the race’s promoter, Automobile Club de l’Ouest, and GreenGT, the Franco-Swiss high technology group specializing in high-powered electric-hydrogen propulsion systems. MissionH24’s objective is to establish a category for electric-hydrogen prototypes in the 24 Hours of Le Mans from 2024 on.
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Plastic Omnium will be the exclusive supplier of hydrogen gas storage systems for all teams competing in this new hydrogen category. To achieve this goal, Plastic Omnium will provide hydrogen storage for all race prototypes developed by MissionH24 up until 2024. The prototypes will be used to test the technologies before using them in competition cars from that year on. These systems will be tested in both closed trials and races to demonstrate the potential of the zero-emissions hydrogen technology. The high-pressure hydrogen storage systems developed by Plastic Omnium will be subjected to highly demanding operating conditions in terms of speed, refueling frequency and temperature. They will be certified to automotive standards and will enable Plastic Omnium to showcase its expertise in Type 4 tanks – carbon-fiber shells with a plastic liner – and strengthen its links with the auto manufacturers pioneering this technology. ”For this project, we’ll be developing systems subject to extreme operating conditions. Motor sport and large-scale auto industry both require performance, safety and innovation, and MissionH24 is more than a technological demonstration – it’s an amazing laboratory in which to accelerate our hydrogen storage innovations, working closely with auto manufacturers.“ Christian Kopp, President and CEO of Plastic Omnium Clean Energy Systems. About Plastic Omnium |
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Plastic Omnium wins a new contract for hydrogen storage
Plastic Omnium is awarded a contract to develop and manufacture hydrogen storage systems for the Dutch manufacturer VDL as part of H2HAUL, a European project dedicated to deploying zero-emission hydrogen-based mobility solutions in the road transportation sector.
By 2021, Plastic Omnium will supply a complete system for trucks to be manufactured by VDL, comprising seven tanks storing 40 kg of hydrogen at 350 bars.
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The H2HAUL (Hydrogen Fuel Cell Trucks for Heavy Duty Zero Emission Logistics) project is a consortium subsidized by the European Union with 15 partners, aiming at developing, certifying and operating three new types of hydrogen trucks while also enhancing the supply infrastructure. This contract with VDL, represents a further success for the Group following the order of 350-bar bus tanks for a German manufacturer in late 2019 and the certification of its 350- and 700-bar tanks. Plastic Omnium has also confirmed its commitment to promoting hydrogen by joining the European Clean Hydrogen Alliance, recently created by the European Union to help achieve its Green Deal goal of carbon neutrality by 2050. The Group estimates the production will grow up to 2 million vehicles in 2030. Plastic Omnium is accelerating its investments to be a leader in zero-carbon hydrogen-fueled mobility solutions, from storage to fuel cell systems. |
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2020 half-year results: Resilience and transformation
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An agile, efficient and responsible group to manage an historical drop in worldwide automotive production in the first half-year Reinforced leadership and ambitions in a slowly recovering market ”Facing an unprecedented global crisis, we can rely on solid human, industrial, technological and financial fundamentals, which will enable us to maintain our strategic ambitions to be a key player in clean and connected mobility. 2020 Half-year results presentation2020 interim results report |
Innovation Awards June 2020
The second edition of the PLASTIC OMNIUM “Innovations Awards” highlights operational excellence, connectivity and clean mobility projects.
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After the success of the first edition, the Innovations Awards mobilized this year nearly 670 Group employees, submitting around 178, in 20 countries and 53 sites around the globe. Four selection criteria selected the finalists: the novelty of the project, its maturity, its added value, and finally its environmental impact. Ten projects have been awarded in the three strategic pillars of the Group: Operational Excellence, Product Innovations and Open Innovation. All underline the increase impact of digitalization to the service of industrial excellence and increased content per vehicle. Interactive light communication, plastronics, innovative systems in the field of hydrogen…. Special prize for the roof module, embedding and protecting lidars, radars and connectivity. All these projects enrich the Group’s offer to support the connected and carbon-free car of tomorrow. “Once again, the mobilization of the teams and the innovative quality of the projects are great and emphasize the creative spirit which reigns within the Group. Innovation is the lever of our competitiveness and our growth. Congratulations to all! »Félicie Burelle, Deputy CEO. |
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Plastic Omnium supports anti-COVID19 actions in the 26 countries where it operates
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Plastic Omnium, as part of its ACT FOR ALL ? Social Responsibility strategy, created in April 2020 a €1 million fund to support anti-COVID19 actions. Many actions and associations were supported in Europe (France, UK, Spain, Germany, Poland, Slovakia), in the United States, Mexico and Argentina, and finally in Asia (China, Thailand, India, Korea, etc.). Provision of masks, protective helmets, school support for confined children, support to hospitals and caregivers, the funds were donated as close as possible to local needs. ACT FOR ALL ?, Plastic Omnium’s Social Responsibility program, sets ambitious goals for 2025 on the 3 pillars that make it up: Responsible Entrepreneurship, Care for People, and Sustainable Production. ACT FOR ALL ? involves daily every 32,000 employees of the Group, which they have proved during this pandemic through their initiatives, motivation and mobilization. To learn more about ACT FOR ALL ?  |
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Plastic Omnium wins 1st place in the 2019 ranking for the Top Management feminization in SBF 120 automotive industry
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The State Secretariat for Gender Equality has published its 2019 report on the top management feminization of SBF 120. Plastic Omnium is growing strongly, rising to the 1st place in the automotive industry (25th place in the general classification, gaining 20 ranks compared to the 2018 scores). The Group counts 47% women on the Board of Directors, 27% in the Comex, and 31% in the Top 100. In addition to these notable advances, the 1st place ranking integrates the initiatives driving the feminization of teams such as the training and awareness-raising of managers, and the creation of the Women @ PO network, whose objective is to promote diversity and female careers within the Group.
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